Tether Partners With Crypto Firm to Boost Blockchain Education in South Africa

August 11, 2024 Bitcoin.com

Africa

Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of stablecoin payments and build trust in digital financial solutions. Building Trust in Digital Financial Solutions Stablecoin issuer Tether Holdings Ltd. partnered with Xion Global to […]

One Factor Could Be Hinting at Speculative Overheating in the Crypto Market, According to IntoTheBlock

Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status

August 11, 2024 Bitcoin.com

Africa

A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians have unrestricted access. Crypto Restrictions Deny Residents Access to Inflation Hedging Tools Nigerian cryptocurrency advocate James Utudor filed a landmark lawsuit […]

One Factor Could Be Hinting at Speculative Overheating in the Crypto Market, According to IntoTheBlock

Nairobi Securities Exchange, Valour Sign MOU to Enable Trade of Digital Asset ETPs in Africa

August 8, 2024 Bitcoin.com

Africa

Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will result in better product offerings and a broader investor base. Passporting of Valour’s ETPs to the Nairobi Stock […]

One Factor Could Be Hinting at Speculative Overheating in the Crypto Market, According to IntoTheBlock

Zimbabwe to Unveil De-Dollarization Roadmap, Says Government Official

August 8, 2024 Bitcoin.com

Africa

The Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender for use in the economy.” Zimbabwean officials have set early 2026 as the new deadline for making the Zig the country’s sole currency. The central bank is expected to strengthen the mandatory licensing requirements, which compel business […]

One Factor Could Be Hinting at Speculative Overheating in the Crypto Market, According to IntoTheBlock

Egyptian AI Startup Gets $2M for GCC, Africa Expansion

August 6, 2024 Bitcoin.com

Africa

Egyptian artificial intelligence firm Synapse Analytics has secured $2 million to expand into the Gulf Cooperation Council region and Africa. The company has partnered with major banking product providers such as AWS, Crealogix, and TUMM. Using AI to Simplify Access to Finance The Egyptian artificial intelligence (AI) firm, Synapse Analytics, recently secured $2 million to […]

One Factor Could Be Hinting at Speculative Overheating in the Crypto Market, According to IntoTheBlock

South African Crypto Asset Marketplace Initiates $1.64 Million Capital Raise

August 5, 2024 Bitcoin.com

Africa

The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated Alternative Capital Raising Platform The decentralized cross-asset marketplace, Mesh.trade, recently launched a $1.64 […]

One Factor Could Be Hinting at Speculative Overheating in the Crypto Market, According to IntoTheBlock

Nigeria Acts to Stabilize Currency with Forex Auction

August 4, 2024 Bitcoin.com

Africa

The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users. Auction System Aims to Mitigate Impact of Dollar Shortage on Exchange […]

One Factor Could Be Hinting at Speculative Overheating in the Crypto Market, According to IntoTheBlock

Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to Africa

August 4, 2024 Bitcoin.com

Africa

Canza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and other emerging markets. With the integration of WUSD into Canza Finance’s ecosystem, African users will be able to smoothly convert fiat currencies to the WUSD stablecoin. Boosting RWA and Defi Adoption Africa-focused fintech firm Canza […]

One Factor Could Be Hinting at Speculative Overheating in the Crypto Market, According to IntoTheBlock

Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims

August 3, 2024 Bitcoin.com

Africa

The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount to the devaluation of the currency. Ahmed stated that the intention is to unify the official and parallel market exchange rates. Reports suggest that Ethiopia’s decision to float the birr was promptly rewarded […]

One Factor Could Be Hinting at Speculative Overheating in the Crypto Market, According to IntoTheBlock

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use

July 30, 2024 Bitcoin.com

Africa

Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits compared to the traditional naira. E-Naira Adoption Lags Despite […]

Africa

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